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HomeMy WebLinkAboutRes 2021-08-961 Naming the Proposed Tax Rate the Council may Adopt for the 2021 Tax YearCITY OF ANNA, TEXAS RESOLUTION NO. 010Q1 �046`4(01 A RESOLUTION OF THE CITY OF ANNA, TEXAS NAMING THE PROPOSED TAX RATE THE COUNCIL MAY ADOPT FOR THE 2021 TAX YEAR AND SETTING THE DATES AND TIMES FOR PUBLIC HEARINGS ON THE TAX RATE WHEREAS, the Constitution for the State of Texas (the "State") sets out the general requirements for truth4 taxation provisions requiring political subdivisions of the State to inform citizens in their jurisdiction of changes in the property tax rate; WHEREAS, the City of Anna, Texas (the "City") is a political subdivision of the State and is therefore subject to laws of the State; WHEREAS, Section 7.19 of the City Home Rule Charter (the "Charter") states the City has power to levy, assess, and collect taxes of every character and type for any municipal purpose not prohibited by state of federal law; WHEREAS, the City Council (the "Council") wishes to establish a proposed tax rate it may adopt; WHEREAS, the proposed tax rate exceeds the No -New -Revenue rate; WHEREAS, the Council wishes to hold a public hearing on the tax rate as stipulated in Texas Tax Code; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS THAT: Section 1. Recitals Incorporated. The recitals set forth above are incorporated herein for all purposes as if set forth in full. Section 2. Proposal of a proposed tax rate by the City of Anna The Council hereby proposes that the tax rate adopted by the City shall be $0.569500 per $100 of valuation. Section 3. Proposal of a proposed tax rate by the City of Anna The Council hereby sets September 7, 2021 at 6:30 p.m. as the date and time for the public hearing on the 2021 tax rate, said hearing to be held in the Anna IDS Board Room located at 201 E. 7th Street in Anna, Texas, 75409. The Council further directs that notice of the time and place of the public hearing be published in the official newspaper of the City as required in Texas Tax Code § 26.06 and other applicable law. PASSED AND APPROVED by the City Council of the City of Anna, Texas on this 10th day of August 2021 a I_�irx•�lr City Secretary Carrie L. L \O, k+"u,,APPROVED: .ems r Goo ay or Nate Pike Form 5M75 Statements required in notice if the proposed tax rate exceeds the no -new -revenue tax rate and the voter -approval tax rate but does not exceed the de minimis rate, as prescribed by Tax Code §§26.06(b-f) and 26.063(c). NOTICE OF PUBLIC HEARING ON TAX INCREASE This notice only applies only to a taxing unit other than a special taxing unit or municipality with a population of less than 30,000, regardless of whether it is a special taxing unit. A tax rate of $ 00569500 per $100 valuation has been proposed by the governing body of the City of Anna PROPOSED TAX RATE NO -NEW -REVENUE TAX RATE VOTER -APPROVAL TAX RATE DE MINIMIS RATE The no -new -revenue tax rate is the tax rate for the of property tax revenue for the City of Anna 2021 $ 0.569500 per $100 $ 0.536868 per $100 $ 0.563326 $ 0.576627 (current tar yea,) (name oJraring unit) the 2020 tax year and the 2021 tax year. (preceding tar yea,) (current tar yea,) The voter -approval rate is the highest tax rate that the City of Anna tax year that will raise the same amount from the same properties in both may adopt without holding (name of raring u»ir) an election to seek voter approval of the rate, unless the de minimis rate for the City of Anna exceeds the voter -approval rate for the City of Anna (name ofmringunil) (name of taxing unit) The de minimis rate is the rate equal to the sum of the no -new -revenue maintenance and operations rate for the City Of Anna City the rate that will raise $500,000, and the current debt rate for the y of Anna (name of faringunir) (nuu,c of taring unit) The proposed tax rate is greater than the no -new -revenue tax rate. This means that to increase property taxes for the 2021 tax year. the City of Anna is proposing (name of taring unit) (care„l jar yern) Se tmber 7, 2021 at 6:30 m A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD (date and time) at the Anna ISD Board Room, 201 E 7th Street, Anna, Texas 75409 (meeting place) The proposed tax rate is greater than the voter -approval tax rate but not greater than the de minimis rate. However, the proposed tax rate exceeds the rate that allows voters to petition for an election under Section 26,075, Tax Code. If the City Of Anna adopts the proposed tax rate, the qualified voters of the the City of Anna may petition the the 094y.fafi/ARrga (name of taring unit) (name of tarin unit) to require an election to be held to determine whether to reduce the proposed tax rate. If a majority of the voters reject 6 e proposed tax rate, the tax rate of the the City Of Anna (name o%taring nnil) will be the voter -approval tax rate of the 0.563326 (name of taring unit, YOUR TAXES OWED UNDER ANY OF THE TAX RATES MENTIONED ABOVE CAN BE CALCULATED AS FOLLOWS: Property tax amount = (tax rate) x (taxable value of your property) / 100 (List names of all members of the governing body below, showing how each voted on the proposal to consider the tax increase or, if one or more were absent, indicating absences.) FOR the proposal: AGAINST the proposal: PRESENT and not voting: ABSENT: Form developed by: Texas Comptroller of Public Accounts, PropertyTax Assistance Division For additional copies visit: comptroller.texas.gov/taxes/property-tax �� I ... �� r A� I 50-S75 • Rev.4-20